Fifty years ago wealth was stored and transmitted physically through gold bars, stock certificates, bank notes, and coins.
The changing nature of money is only one facet of the financial services revolution.
Well, today people have to be self-reliant if they want a secure retirement income.
Technology is similarly just a catalyst at times for fundamental forces already present.
Before 1980, it was basically illegal for U.S. banks to invent new products.
Thirty to 40 years ago, most financial decisions were fairly simple.